NOTE 11 — SUBSEQUENT EVENTS

Subsequent events are events or transactions that occur after the balance sheet date but before financial statements are issued. Recognized subsequent events are events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements. Non-recognized subsequent events are events that provide evidence about conditions that did not exist at the date of the balance sheet but arose after that date.

On July 20, 2026, the Company’s Board of Directors declared a quarterly cash dividend of $0.05 per share on the Company’s common stock. The dividend is payable on August 27, 2026 to shareholders of record as of August 13, 2026.

The Company evaluated subsequent events through the date its financial statements were issued, and there were no other subsequent events requiring accrual or disclosure through August 7, 2026.